Ben Todd | Jun 2, 2017 | 1
Bitcoin Mining With a PC – How To Set Up And Use The Bitcoin Miner From The Microsoft Store
The Bitcoin Miner from the Microsoft store is one of my favorite bitcoin miners because I have had so much trouble trying to set others up that I am just thrilled there is a bitcoin miner that makes it so easy. If you wish to try bitcoin mining with a PC, then this app is a good place to start. I only engage with bitcoin mining with a PC because my PC is almost always on during the day and the program doesn’t affect the running speed of my computer, so I figure there is no harm in having the bitcoin miner running during the day.
Profitability When Bitcoin Mining With A PC
You are paid in Satoshis, which are a hundredth of a millionth of a bitcoin. At the time of writing, around 5000 Satoshis is around 22 cents.
Before I go on, many bitcoin miners and mining pools will take a cut of your bitcoin profits for themselves. Some mining pools demand higher percentages than others. I know that this Bitcoin Miner takes between 5% and 35% (I cannot be sure which is true). However, one has to assume that you are not mining for a profit because it is very difficult to mine for a profit these days.
If you are looking to mine for a profit by bitcoin mining with a PC, then you need to ensure that the miner doesn’t heat up your CPU, which the Microsoft Bitcoin Miner is usually unable to do because it is not powerful enough. Secondly, you need to get free electricity. Maybe you get free electricity from somebody else, or from solar and wind power.
If you get free electricity, then you can leave your computer on all day and night without it costing you a fortune in electricity. The fact that people pay for electricity is the reason why bitcoin mining with a PC is so unprofitable. It costs people more money in electricity than they make back with bitcoin mining. If you get free electricity (by whichever means you choose), then bitcoin mining with a PC becomes profitable again.
Start By Downloading And Installing The Bitcoin Miner From The Microsoft Store
Run your virus checker to be sure what is what, and then run the app to bring up the GUI. It is small and simple, as you can see by the image below.
Before you set it off, you need to go to the settings in the top left corner. The image above shows you where to click. When you click the settings button, the page shown below will appear. You start by clicking the one called “Payout Address.”
Once you have clicked on the payout address, you have to enter your wallet information. This is the long string of numbers and letters that makes up your bitcoin wallet address. Enter it, and then leave the page.
Go back again to the bitcoin “Payout Address” page and make sure your bitcoin wallet address is still there. If it is, then you may go back to the settings page and click on the button called “Settings.”
The image below shows the settings. Stick with the Bitcoin Miner Pool if you wish. It is what I did because it is easier. As you can see by the image below, I have kept my miner on the power saving mode. This allows the app to use my computer’s spare processing power. The bitcoin miner will not work as fast on the power saving mode, but it wont slow my computer down either.
If you set your bitcoin miner to maximum performance, then you will notice that your PC slows down a little. For example, files will take a little longer to open and web pages will take a little longer to render.
I set my Bitcoin Miner where it is allowed to use my GPU. On power saving mode with the GPU in enabled, there is no noticeable PC performance slowing or lowering.
You are paid out every time you reach 5000 Satoshis. One of the drawbacks with this Bitcoin Miner is that it takes a little longer to mine bitcoin than other (more professional) miners. Another drawback is that you cannot click the minimize button without turning it off, which is not a big drawback, but I thought I would mention it.